Suppose a Chinese girl makes a pair of Nikes for $2. Someone in the US puts them in a box and sells them for $150. The boxer is paid $2, but his productivity statistics will look fairly impressive, even considering the marketing & management overhead.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
